Richmond sets up in Shanghai

ONE of the most active Guernsey financial services businesses in China has set up its own representative office in the country.

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ONE of the most active Guernsey financial services businesses in China has set up its own representative office in the country.

Guernsey-headquartered Richmond Fiduciary Group has established an office in the Jing'an district of Shanghai, three years after chairman Alan Chick, pictured, made his first visit to the region to explore the potential of the market.

Mr Chick said the representative office was the next step in enhancing the firm's reputation in the Chinese marketplace.

'We decided 12 months ago that we needed a representative office so we are delighted to see it come to fruition.

'It gives us credibility with the people we have been meeting over the years and now that the office is opened, we have seen a far greater interest in what we are doing,' he said.